About Us
RIYAQ Microfinance and Training Facility is dedicated to fostering sustainable financial inclusion and empowerment within the Somali economy. By championing entrepreneurship and providing accessible financial solutions, we aim to uplift marginalized communities and contribute to poverty alleviation and sustainable development.
Born out of a commitment to breaking the poverty cycle, RIYAQ recognizes the transformative potential of microfinance. Our tailored financial services and targeted training programs empower individuals and communities by providing the tools they need to thrive.
However, we understand that access to finance alone is insufficient for meaningful change. That’s why RIYAQ complements its financial services with evidence-based training and capacity-strengthening programs. From financial literacy to business management, skills, and leadership development, our initiatives equip women, youth, and persons living with disabilities with the knowledge and skills necessary to excel in today’s competitive environment.
With operations centred in all Major cities in Somalia serving as an inspiration for those often marginalized in traditional financial systems.
RIYAQ Microfinance and Training Facility also recognises the unique challenges faced by women, youth, and persons with disabilities in accessing financial services and education. Recognizing the lack of awareness about microfinance opportunities among women, RIYAQ conducts extensive community outreach and awareness campaigns to educate potential clients about the benefits of our services. Additionally, our community liaisons play a crucial role in navigating the registration process and providing support to illiterate individuals, ensuring that everyone has equal access to our services.
To promote effective utilization of our services, RIYAQ adopts a group-based
approach, targeting self-help groups rather than individuals. This approach encourages peer support, accountability, and collective empowerment within communities. Furthermore, RIYAQ emphasizes step-wise accessibility, allowing clients to build their creditworthiness gradually based on their repayment records and ability to pay.
Training programs focus not only on business management but also on the importance of insurance in mitigating risks in unpredictable circumstances.
Riyaq has operations centered in all Major cities in Somalia serving as an inspiration for those often marginalized in traditional financial systems.
Empowering Economic Growth Through Financial Inclusion and Training.
At RIYAQ, we recognize the power of financial inclusion, mentoring and sustainability. We are driven by a passion for creating positive change and boosting economic empowerment among those often overlooked in conventional financial systems. We understand that access to capital is a fundamental requirement for those individuals to start or expand businesses, invest in education, or meet unforeseen expenses.
By providing access to capital and financial literacy training, we empower individuals to make informed financial decisions, create sustainable livelihoods, and contribute meaningfully to the socio-economic development of their communities.
Vision
To drive transformative impact by enhancing economic self- sufficiency and resilience in Somalia.
Mission
To deliver accessible financial services, training, and mentoring to women, youth, and differently abled individuals, facilitating their attainment
of economic independence, self-reliance, and comprehensive empowerment.
Core Values
- Inclusivity
- Community Focus
- Empowerment
- Responsibility
- Integrity